Date
Details
Price
Change
Source
2/05/2026
Listed
$2,600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/16
$2,600,000
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1/16
Property Description
Rare investment opportunity in Arcadia Lite! Flexible 5-unit residential compound ideal for residential assisted living, adult care, sober living, transitional housing, or premium rental income with high ROI! Nearly ½-acre property w/ 3BR/2BA single-family+ 4-plex w/ 1BR/1BA units, each w/ private yard! Excellent setup for assisted living or adult care model w/ multiple living spaces & inviting amenities for high quality of life. True turnkey asset w/ full cosmetic remodel in 2022. Low operating expenses & no major capital outlay required to create immediate revenue opportunity. Desirable outdoor living w/ pool, hot tubs, bocce ball and lots of green space. Block wall perimeter with controlled access for privacy & security. Expanded income options w/ minimal modifications too! remodel completed in 2022 makes this a true turnkey asset, reducing near-term capital expenses and positioning the property for immediate operation. The grounds are designed for lifestyle and engagementan important value driver for both premium rentals and care-related housingfeaturing putt-putt golf and bocce ball. A private pool is secured and closed off exclusively to the main home, adding an additional amenity layer and operational flexibility. Block walls around the perimeter provide exceptional privacy and a secure, enclosed environmentideal for resident comfort, quiet enjoyment, and controlled access.
Full Property Details
Full Property Details for 3139 N 40th St
General
- Price: $2,600,000
- HOA FEE: $2,100
- Taxes: $2,239 (2025)
- Status: Active
- Type: Multi-Family
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 6979920
- Updated: 2/5/2026
- Added to Site: 14 day(s) ago
Interior
- Appliances: Built-In Range, Refrigerator, Washer/Dryer
- Flooring: Ceramic Tile
Parking
- Parking Features: <1 Space Per Unit
Location
- County: Maricopa
- Township: 2N
- Subdivision: PALO ALTO PARK
- Cross Streets: 44th St Thomas Rd
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Electric
- Heating Type: Electric
Utilities
- Water: Master Meter, City Franchise
Structural Information
- # Buildings: 2
- Exterior Const.: Brick Veneer, Painted, Adobe, Block
- Roof: Composition, Tile, Foam
- Year Built: 1955
Unit Information
- Vacancy %: .05
Lot Features
- Lot Dimensions: 0 x 0
- Frontage: Asphalt
- Zoning: R-3
Financial Considerations
- Maint. Fee/Month: $2,100
- Tax Amount: $2,239
- Tax Year: 2025
- Terms: No Carry, Conventional, VA Loan
- Owner Pays: Pool Maintenance, Gas, Electricity, Trash Collection, Water, Sewer, Landscaping
Disclosures and Reports
- Multiple Parcels: Yes
- Legal Description: LOT 10 PALO ALTO PARK MCR 004431
- Property ID: 127-15-048
- Range: 4E
- Section: 30
- Lot Number: 10
Listed by eXp Realty
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— 3139 N 40th St —
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Schools
Schools serving 3139 N 40th St
School District:Scottsdale Unified District
| Name | Grades | Distance |
|---|---|---|
Tavan Elementary School 4610 East Osborn Road, Phoenix, AZ 85018 | PK-5 | 0.8 mi |
Cherokee Elementary School 8801 North 56th Street, Paradise Valley, AZ 85253 | PK-5 | 5.9 mi |
Laguna Elementary School, Scottsdale, AZ 10475 East Lakeview Drive, Scottsdale, AZ 85258 | PK-5 | 10.2 mi |
Ingleside Middle School 5402 East Osborn Road, Phoenix, AZ 85018 | 6-8 | 1.8 mi |
Arcadia High School 4703 East Indian School Road, Phoenix, AZ 85018 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3139 N 40th St
Tax History
Tax History for 3139 N 40th St
Year
Property Taxes
Change
Tax Assessment
Change
2025
100%
$303,825
10%
2023
100%
$275,130
2%
2023
100%
$269,745
3%
2022
100%
$262,215
—
2021
100%
$262,440
—
2020
100%
$262,440
9%
2019
—
$240,135
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 3139 N 40th St
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3139 N 40th Street, Phoenix, AZ 85018 (MLS# 6979920) is a Multi-Family property with 5 units containing 0 bedrooms and 0 full bathrooms. 3139 N 40th Street is currently listed for $2,600,000 and was received on February 05, 2026. Want to learn more about 3139 N 40th Street? Do you have questions about finding other Multi-Family real estate for sale in Camelback East? You can browse all Camelback East real estate or contact a Coldwell Banker agent to request more information.